Packers sign Julius Peppers

Green Bay Packers Julius Peppers 2015 Super Bowl odds

GREEN BAY, WI (The Spread) - The Packers made a move on Saturday to bolster their pass rush and perhaps weaken a division rival.

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The Packers have signed defensive end Julius Peppers, formerly of the Bears, to a three-year, $30 million contract. The deal includes $7.5 million in guaranteed money for the veteran, who has 119 career sacks and 40 forced fumbles in his career.

The Bears released Peppers a few days ago after failing to trade him. The move saved Chicago $14 million in cash and over $8 million against their cap, which was one reason the team couldn't find any trade partners. While the defensive end is still a productive player, he was set to make too much money for the Bears to keep him on the roster.

According to oddsmakers from online sports book Bovada.lv, the Bears opened with 25/1 odds to win the 2015 Super Bowl and those odds haven't moved. As for the Packers' odds, they went from 16/1 down to 12/1, while their NFC title odds have remained at 15/2.

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